Hole in the Wall Company

Analysis

Hole in the Wall Company is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hole in the Wall Company reported income of $85k and spending of $91k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $85k (+3.4%), an average of +3.4% a year. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hole in the Wall Company sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include York Harbor Reading Room Foundation ($85k), Knickerbocker Chamber Orchestra ($85k) and Dakota Legacy ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.